GE, China Huadian Create Joint Venture
GE and China Huadian Corp. announced a joint venture to develop distributed energy combined heat and power (DECHP) projects that will provide electricity for consumers in China located close to the plants.
The US$100 million (€69.2 million) joint venture company will be called Huadian GE Aero Gas Turbine Equipment Co., Ltd, with China Huadian owning the majority share. The purpose of the joint venture is to create opportunities for growth and further investment in GE aeroderivative gas turbines and services, as well as accelerate growth in China while expanding capacity and capabilities, GE said.
GE’s aeroderivative business, headquartered in Houston, Texas, U.S.A., brings power to hard-to-reach places by modifying GE aviation engines to burn natural gas or biofuels to create energy. These power generation units range from 18 to 100 MW and represent the future of efficient and cleaner power generation, according to GE.
DECHP technologies produce both electricity and thermal energy from a single fuel at a facility located near the consumers. These systems recover heat that normally would be wasted in the power generation process, in turn saving fuel that would otherwise be used to produce additional heat or steam in a separate unit.
For more information: www.ge.com